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Describe the pace which your product (heart valves) will move through the product life cycle and factors that will be impact it's movement. How will the product life cycle impact the marketing of your selected product (heart valves). Develop a budget for you plan.
Stage of Product Life Cycle and Impact on Decisions Made

Products go through several stages from conceptualization of the product to its end. A new product progresses through a sequence of stages from introduction to growth, maturity, and decline. This sequence is known as the product life cycle and is associated with changes in the marketing situation, thus impacting the marketing strategy and the marketing mix.
Products tend to go through five stages:

Our product is in a growth stage as there is a huge demand due to rise in the patients and the stress levels. Thus the market size is large and the segments we have already discussed in the earlier response. We have to understand that the growth stage, a product starts to experience rapid sales and profit ...

Solution Summary

A product life cycle is discussed for Riordan manufacturing of a new product.